AUSTRALIA

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Australian Dollar Outlook 25/8/2010

The Australian Dollar has opened slightly lower today after losing more than one US cent due to an increase in risk aversion in Europe and the US, as evidenced by falls in the Dow Jones Industrial Average to as low as 9,938 on the release of durable goods orders and further evidence of weakness in the US housing market.

Australian gold mining giants merge

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It is the time for mergers and acquisitions in the mining sector. After the recent copper miner Vedanta's takeover of Cairn India, now two gold mining majors in Australia announced their merger on Tuesday. According media reports, Australian gold miner Newcrest bought rival Lihir Gold with the deal creating the fourth largest group in the sector.
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10 Top Romantic Hotels around The world

In need of a romantic break, but don't know where to go? Boutique hotel connoisseurs Mr & Mrs Smith (www.mrandmrssmith.com) play Cupid with a hand-picked selection of 10 of the most seductive stays worldwide.
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Dollar near 15-year low vs yen as risk shunned

The dollar steadied against the yen on Friday but stayed within reach of a 15-year trough hit last week, after weaker U.S. data prompted investors to sell higher-yielding currencies and stocks on risk aversion.
A 'For Sale' sign is seen in front of an apartment building in Melbourne

Australia's real estate bubble

Australia's real estate market emerged relatively unscathed from the global financial crisis. But that doesn't meant there isn't a bubble, said Morgan Stanley's Gerard Minack.
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Australian Dollar Outlook 20/8/2010

The Australian Dollar has opened lower this morning, falling back through USD0.8950 overnight following some disappointing US data releases.
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Australian Dollar Outlook 19/8/2010

The Australian Dollar is steady after a relatively quiet night on the economic data front gave the markets little to draw on as far as the state of the economic recovery in the US and Europe is concerned.
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Australian Dollar Outlook 17/8/2010

The AUD has opened stronger this morning gaining overnight with news that China will take over Japan's place as the world's second largest economy.
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Carbon dioxide emissions may threaten world's fish population

According to latest significant findings of a breakthrough research in Australia, baby fish may become easy meat targets for predators as the world's oceans become increasingly acidic due to rising carbon dioxide emissions from human activity.
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Australian corals may hold answers for cancer and climate change

A type of fluorescent shallow-water corals found at the Lord Howe Island, 400 miles east of Australia could lend vital health-beneficial clue in the development of potential cancer-fighting drugs and may shed light to the understanding of global warming, says researcher from the University of Western Sydney.
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Australian Dollar Outlook 16/8/2010

The Australian Dollar has opened weaker this morning trading around the 0.8950 level after a fairly quiet US session on Friday night in which US data releases were not that bad in relation to consensus.
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Digital drug I-Doser negatively influencing teens

According to the official web site, I-Doser is a brainwave synchronizer that emulates the use of prescription drug. The site sells iDoses that range from a price of $US2.75 for a standard heroin track to a price of $US199 for the Gates of Hades that comes with an enticing combo of Smoke and torment. Weeping and gnashing of teeth. Destruction.

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